Early in 2015 Larsen Corporation purchased marketable securities at a cost of $9

Question

Early in 2015 Larsen Corporation purchased marketable securities at a cost of $90,000. In September, dividends of $6,600 were recieved. Larsen sold the the securities in December at a gain of $5,600 How would these transactions be reported on Larsen's statement of cash flows for 2015? A. $95,600 net cash provided by investing activities: 6000 included in cash provided by operating activities B. $12,200 net cash provided by investing activities C. $95,600 cash provided by investing activities: 90,000 cash used in financing activities D- $84,400 net cash used in investing activities: $95,600 cash provided by investing time

Explanation / Answer

C. $95,600 cash provided by investing activities: 90,000 cash used in financing activities

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